blocmates.
July 8, 2025

Don’t Miss the Next 100x - LetsBONK Just Flipped Pump.fun

The Solana launchpad hierarchy has been turned on its head. In this deep dive, blocmates breaks down how LetsBONK has dethroned Pump.fun and shares a no-gatekeeping guide to navigating this new, opportunity-rich frontier.

The Flippening: LetsBONK's New Reign on Solana

  • “LetsBONK has officially taken the number one spot with over 55% of all tokens launched going through LetsBONK in the past 24 hours.”
  • “The active addresses on LetsBONK is still around about 40% of Pump.fun. So despite there being a higher graduation percentage and a larger amount of tokens launching, there's still only around 40% of users.”
  • A major power shift has occurred in the Solana ecosystem. LetsBONK now commands over 55% of the launchpad market share, leaving the former leader, Pump.fun, at 35%. This dominance is reinforced by a much higher token bonding rate, with 187 tokens graduating on LetsBONK versus just 76 on Pump.fun in a recent 24-hour period.
  • This shift presents a significant arbitrage opportunity. Despite its higher volume and launch activity, LetsBONK has only 40% of the active users that Pump.fun does, suggesting a less saturated environment where early-movers can find an edge.
  • The platform's economics are compelling for investors. 50% of all fees are used to buy back and burn the BONK token, directly creating buy pressure and rewarding holders. This mechanism placed LetsBONK fourth in holder revenue, distributing $600k in the last day alone.

The Alpha Hunter's Playbook: A Telemetry Strategy

  • “Where the real juice is, is on the X-ray tab and the wallet tracker tab.”
  • “The vast majority of tokens that graduated bonded within the first 30 minutes. So, that's why I put that on for the about to graduate [filter].”
  • The recommended tool is the Telemetry terminal from the Bonkbot team, which integrates directly with your Telegram trading bot. The most valuable features for sourcing alpha are the "X-ray" and "Wallet Tracker" tabs.
  • A disciplined filtering strategy is crucial to cut through the noise. For new creations, set a minimum market cap of $12k to avoid being the first liquidity. For tokens "about to graduate," set a maximum token age of 30 minutes, as most successful launches bond and run quickly.

Automate to Survive: Smart Risk Management

  • “What I found primarily on just people getting completely destroyed when they begin to trade meme coins in general is that they seem to not limit their downside.”
  • The primary reason traders fail in this arena is poor risk management. The key to longevity is protecting your capital. Telemetry's "Auto Strategies" feature is a powerful tool for this, allowing you to pre-set stop-loss and take-profit orders that execute automatically on every buy.
  • You can create custom rules like, "Sell 80% if price drops 35%, and sell 100% if it drops 55%." This automated discipline allows you to trade with confidence, limit potential losses, and step away from the screen without risking your entire stack.

Key Takeaways:

  • The Solana launchpad landscape has fundamentally changed, creating a new meta where the alpha has moved from Pump.fun to LetsBONK. Success requires adapting to this new environment with the right tools and a disciplined, automated strategy.
  • Follow the Volume: The data is clear—LetsBONK has more launches, higher graduation rates, and a powerful tokenomic engine, yet fewer users. The primary opportunity for traders is now on LetsBONK.
  • Filter Aggressively: Use the Telemetry terminal to apply strict filters (min $12k market cap, max 30-min age for graduates) to isolate high-potential launches from the overwhelming noise.
  • Automate Your Downside: The single most important strategy is to use automated stop-losses. Set them for every trade using Telemetry's "Auto Strategies" to protect capital and ensure you can survive to trade another day.

For further insights, watch the full update: Link

This episode reveals a major power shift in the Solana launchpad ecosystem, detailing how LetsBONK has unseated Pump.fun and what new strategies traders must adopt to capitalize on this fast-moving opportunity.

The Big Flip: LetsBONK Dethrones Pump.fun

  • Launchpad: A platform that allows developers to easily create and launch new cryptocurrencies, often through a mechanism where initial buyers contribute funds to a liquidity pool.
  • The speaker, an active trader sharing his personal strategy, attributes LetsBONK's strength to its deep roots in the Solana community. The original BONK token was distributed via an airdrop—a free distribution of tokens—to early Solana users and developers, fostering significant goodwill and ecosystem alignment.

Data-Driven Opportunity Analysis

  • Bonding Success: LetsBONK sees a much higher rate of tokens successfully "bonding" and reaching a decentralized exchange. In the last 24 hours, 187 tokens bonded on LetsBONK versus only 76 on Pump.fun.
  • Revenue and Tokenomics: The platform's fee structure is a key differentiator. 50% of all fees are used for a buyback and burn of the BONK token—a process where the project buys its own tokens from the market and permanently removes them from circulation, creating deflationary pressure. This mechanism places BONK as the fourth-highest protocol for distributing revenue back to its token holders.
  • The speaker notes the stark contrast in valuations, with Pump.fun reportedly raising at a $1 billion valuation while the entire BONK token ecosystem is valued around $1.5 billion, despite generating comparable daily revenue to established platforms like Hyperliquid.

The Trader's Toolkit: Introducing the Telemetry Terminal

  • Telemetry Terminal: A desktop or web-based interface that provides advanced trading features, real-time data, and wallet tracking for cryptocurrencies.
  • It integrates directly with the user's Bonkbot wallet, a Telegram trading bot that allows users to execute trades through the Telegram messaging app. This creates a seamless experience between mobile and desktop trading.

Strategy Part 1: Finding Gems with the X-ray Tab

  • New Creations Filter: Minimum market cap of $12,000. This avoids being the very first buyer and filters out immediate rug-pulls or failed launches.
  • About to Graduate Filter: Minimum market cap of $12,000 and a maximum token age of 30 minutes. The speaker emphasizes the speed of this market, stating, "the vast majority of tokens that graduated bonded within the first 30 minutes." This filter focuses only on tokens with immediate, strong momentum.
  • Graduated Filter: Minimum market cap of $100,000. If a token has graduated but fallen below this level, he considers it a failed launch and ignores it to maintain focus.

Strategy Part 2: Automating Alpha with the Wallet Tracker

  • Key Feature: Telemetry allows for one-click auto-import of the top 25 highest win-rate wallets and the top 100 wallets by profit, providing an instant feed of smart money movements.
  • Actionable Insight: By observing these wallets, traders can identify trading footprints, spot potential bot activity (e.g., wallets that buy and immediately sell), and quickly enter promising trades using the "quick buy" function.

Strategy Part 3: Disciplined Risk Management with Auto-Strategies

  • The Problem: The speaker observes that most traders fail because they don't manage their downside risk. "They seem to not limit their downside and... if you just throw all your chips in and destroy all your chips, you're not going to survive very very long, right?"
  • The Solution: He demonstrates setting up a strategy that automatically sells 80% of a position if it drops 35% and 100% if it drops 55%. This automates discipline, allowing a trader to step away from the screen without risking a total loss.
  • Strategic Implication: This automated approach is crucial for surviving the high-velocity, 24/7 nature of memecoin trading. Investors and researchers should prioritize tools that enable systematic risk controls over purely discretionary trading.

Emerging Narratives and Market Observations

  • Many successful tokens are thematically linked to BONK itself (e.g., "knob," which is "bonk" spelled backward).
  • There is a noticeable and growing traction around tokens targeting the Chinese crypto community, suggesting a specific narrative that traders should monitor.

Conclusion

The Solana launchpad market has decisively shifted to LetsBONK, creating a new, fast-paced environment. Success here requires abandoning old methods in favor of advanced terminals like Telemetry, disciplined filtering, and, most importantly, automated risk management to protect capital while capitalizing on the high-velocity opportunities this new ecosystem presents.

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